Industrial Estate Authority of Thailand to Build USD 53 Million Industrial Estate

November 2021

The Industrial Estate Authority of Thailand (IEAT) has just announced plans to build a new industrial estate Chachoengsao with a THB 1.76 billion (USD 53 million) budget to serve high-tech industrial development projects in the Eastern Economic Corridor (EEC) area.

The new estate will be called Apex Green Industrial Park, built in collaboration with Apex Industrial Park. According to the IEAT, the biggest portion of the budget, close to 90% of the total, will go towards infrastructure development. Land development is expected to be completed within two years, with the commercial operation date scheduled for 2023. The new Industrial Park is located around 100 km off the Laem Chabang deep-sea port in Chon Buri. It is 120 km away from U-tapao airport and 130 km from the Map Ta Phut port in Rayong.

This is part of the government’s plans to turn the EEC into Thailand’s high-tech industrial hub. The EEC focuses on 12 targeted industries: new-generation cars; smart electronics; affluent, medical and wellness tourism; agriculture and biotechnology; food; robotics for industry; logistics and aviation; biofuels and biochemicals; digital; medical services; defense; and education development.

In addition, the IEAT also expects to open a Smart Park to in 2024. Located in Rayong, it is expected to help drive the development of high-tech industries, including robotics, medical equipment, aviation and aerospace.

(Source: Bangkok Post)

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